20 May 2019

Stocks and Precious Metals Charts - Long Day's Journey Into Fright

Stocks were weak this morning and under pressure most of the day.

It is interesting to note that the falure, if it continues, originated around the 38.2# fibonacci retracement level.

Tech was the leader to the downside, as collateral damage to the trade war and the reactions by the US against Huawei.

Gold and silver are in a lazy cross trade with the dollar when there is no flight to safety activity.

Have a pleasant evening.